1.

Record Nr.

UNINA9910810751303321

Autore

Cihak Martin

Titolo

Is One Watchdog Better Than Three? International Experience with Integrated Financial Sector Supervision / / Martin Cihak, Richard Podpiera

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-4779-7

1-4527-4510-2

1-283-51553-9

1-4519-0853-9

9786613827982

Edizione

[1st ed.]

Descrizione fisica

1 online resource (32 p.)

Collana

IMF Working Papers

Altri autori (Persone)

PodpieraRichard

Soggetti

Banks and banking - State supervision

Financial services industry - Regulation - State supervision

Bank supervision

Banking

Banks and Banking

Banks and banking

Banks

Basel Core Principles

Business and Financial

Depository Institutions

Finance: General

Financial Institutions and Services: General

Financial Institutions and Services: Government Policy and Regulation

Financial regulation and supervision

Financial sector

Financial services industry

Financial services law & regulation

General Financial Markets: Government Policy and Regulation

Industries: Financial Services

Law and legislation

Micro Finance Institutions

Mortgages

State supervision

Australia



Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"March 2006."

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. TRENDS IN INTEGRATED SUPERVISION""; ""III. REVIEW OF LITERATURE ON INTEGRATED FINANCIAL SUPERVISION""; ""IV. ANALYSIS OF INTERNATIONAL EXPERIENCE WITH INTEGRATED SUPERVISION""; ""V. CONCLUSIONS""; ""REFERENCES""

Sommario/riassunto

Over the past two decades, there has been a clear trend toward integrating the regulation and supervision of banks, nonbank financial institutions, and securities markets. This paper reviews the international experience with integrated supervision. We survey the theoretical arguments for and against the integrated supervisory model, and use data on compliance with international standards to assess the validity of some of these arguments. We find that (i) full integration is associated with higher quality of supervision in insurance and securities and greater consistency of supervision across sectors, after controlling for the level of development; and (ii) fully integrated supervision is not associated with a significant reduction in supervisory staff.